(MENAFN- America News Hour) In a recent published report, Kenneth Research has updated the market report for Homeland Security market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Homeland Security market products.
Download Sample of This Strategic Report:
The growth of the market can be attributed to the growing accessibility to internet amongst the households globally and the need for advanced technologies that promote effective communication between two distant geographies. In the United States, internet access to households grew from around 73% of the households in 2015 to close to 80% of the households in 2019. In Korea, it was around 98% in 2014 which grew to nearly 100% in 2020. On the other hand, in the Netherlands, internet access to households touched nearly 98% in 2019. Countries in the Latin America, such as Brazil and Mexico grew at a significant pace by about 1.45x and 1.63x respectively within a span of 4 years between 2015 and 2019.
The Homeland Security Market is expected to grow with a significant CAGR during the forecast period, i.e. 2021-2022, on the back of growing internet penetration around the world along with the rising adoption of smartphone. The statistics by the GSMA Intelligence stated that the total unique mobile subscribers as on May 2020 around the world was 5.24 billion.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Today, security has become a major issue worldwide mainly due to recent threats from various terrorist attacks, radical factions, and lone wolves. This is leading towards increased promotion and awareness of international security and preparedness. The security is becoming tight for a major reason of growing terrorism and technology advancements. Hence, there is a niche opportunity existing in the market which establishes a valid case for security. The emerging markets such as developments in robotics, nanotechnology and biotechnology are expected to significantly impact the security markets in the next three to four years.
Download Sample of This Strategic Report:
Homeland Security includes border security for land, air, sea, critical infrastructure protection, cyber security and transportation security. Homeland Security market in the Middle East will be having a CAGR of 14.56% during the forecasted period 2016–2022. The Homeland Security market is expected to grow due to the investments in multiple projects and recent developments such as the Dubai Expo 2020 in the United Arab Emirates and the 2022 FIFA World Cup in Qatar. The advanced technologies, economic growth and investment in infrastructure development in the region are driving the market. The investments in infrastructure development include residential and commercial construction, transportation infrastructure, and public utilities.
Some of the players included in the report are Lockheed Martin Corp., BAE Systems Inc., General Dynamics Corp., Northrop Grumman Corp. and Raytheon Co. The Homeland Security market is segmented by departments and countries. The department includes Cybersecurity, Emergency Response, Mass Transit, Transportation Security, CBRN Security and CIP. The countries include UAE, Qatar, Turkey, Yemen, Israel, Saudi Arabia, Jordan, Bahrain, Oman, Kuwait, etc.
Download Sample of This Strategic Report:
The study covers and analyses“Homeland Security Market in the Middle East”. Bringing out the complete key insights of the industry, the report offers an opportunity for players to understand the latest trends, current market scenario, government initiatives and technologies related to the market. In addition, helps venture capitalist in understanding the companies better and take informed decisions.
About Kenneth Research
Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation
Contact Us
Kenneth Research
Email:
Phone: +1 313 462 0609
James Bullock
James Bullock is a Research Expert with a demonstrated history of working in the professional training & coaching industry. Strong professional skilled in business strategy , Strategic Planning, Research Strategy, and Marketing. also have interest in new innovations and technology
MENAFN03092021004545010068ID1102735127
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.